SEOUL, Dec. 14 (Korea Bizwire) – Ssangyong Motor Co., the country’s smallest automaker, said Wednesday it has shipped a total of 6,823 vehicles to Iran in the first 11 months of the year, with the figure expected to top 8,000 units this year. The automaker, the local unit of Indian carmaker Mahindra & Mahindra Ltd., [...]

SEJONG, Nov. 29 (Korea Bizwire) – South Korea’s imports of Iranian crude oil soared in the third quarter of this year from a year earlier following the lifting of international sanctions against the Middle East country, government data showed Tuesday. A total of 29.8 million barrels of crude oil was imported from Iran during the [...]

CHEONGJU, South Korea, Nov. 18 (Korea Bizwire) – Iranian traditional medical company Tooba promised North Chungcheong Province it would make a $2-billion investment in Osong, after signing an agreement with the provincial government in 2015. Although highly regarded at the time, recent circumstances are breeding skepticism, with many questioning the legitimacy of Tooba’s assertions, and [...]

SEJONG, Aug. 8 (Korea Bizwire) – South Korea opened a business center on Monday to help local firms expand trade and investment in Iran as part of its efforts to tap deeper into the Middle East country following the lifting of international sanctions, the trade ministry here said. Located in southern Seoul, the center will [...]

SEOUL, July 25 (Korea Bizwire) – South Korea and Iran are set to begin discussions on boosting their bilateral cooperation in the fisheries sector that will include a joint fish farming venture, the Seoul government said Monday. The talks will be held in Iran from Thursday involving officials from South Korea’s Ministry of Oceans and [...]

SEOUL, May 6 (Korea Bizwire) – President Park Geun-hye’s job approval rating moved up on the back of public support for her historic visit to Iran, a poll showed Thursday. The poll released by local pollster Realmeter showed 35.6 percent approval of the job Park is doing, up 4.6 percentage points from a week earlier. [...]

SEOUL, May 3 (Korea Bizwire) — Leading business groups of South Korea and Iran agreed Tuesday to promote commercial and industrial partnerships by establishing consultative bodies. The Korea Chamber of Commerce and Industry (KCCI) said it has signed a memorandum of understanding with Iran’s Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA). The KCCI will [...]

TEHRAN, May 3 (Korea Bizwire) — Iranian President Hassan Rouhani suggested Monday that his country is opposed to North Korea’s nuclear weapons program. “We want changes on the Korean Peninsula and we are, in principle, opposed to any nuclear development,” Rouhani said in a joint news conference with South Korean President Park Geun-hye after their [...]

SEOUL, March 24 (Korea Bizwire) - South Korean TV sensation “Descendants of the Sun” has been exported to 27 countries and the number is set to grow, its production company said Wednesday. Next Entertainment World said that the burgeoning attention the drama has been attracting overseas raised the possibility of sealing more broadcasting contracts in the [...]

SEJONG, March 11 (Korea Bizwire) – A direct air route linking South Korea and Iran will open for the first time in four decades following the lifting of international sanctions against the Middle East country, the government said Friday. The Ministry of Land, Infrastructure and Transport said it will give a flight license to Korean Air Lines Co., [...]